If the Troika’s bailout conditions for Cyprus are implemented, what will be the impact on the island’s real estate market? Will we achieve PAMELA, the Proper Asset Management of Estates, Loans and other Assets?

The island’s’ public finances are in a worse state than we expected said troika official Maarten Verwey according to the minutes of the meeting obtained by Bloomberg News; more bailout cash may be needed.

Cyprus will need to take painful measures to tackle problems in its banking system and state finances according to local media reports following the conclusion of the troika’s second visit to the island.